What is the Ethiopian commodity exchange market and its operations?
The ethiopia commodity exchange (ecx) is a spot exchange established in addis ababa, ethiopia. More than 200 different spot contracts are traded by the ecx members or their authorized representatives through open outcry trading system. The trading floor is an octagonal area where open outcry trading takes place. Ecx provides market integrity at three important levels: the integrity of the product itself, the integrity of the transaction, and the integrity of the market actors. The ethiopia commodity exchange (ecx) commenced trading operations in april 2008. Ecx has invited membership of the agricultural and trade industry.The Ethiopian Securities Exchange (ESX) is the primary securities exchange in Ethiopia. Its establishment is part of a broader initiative by the Ethiopian government to enhance the country’s financial infrastructure and provide a platform for businesses and investors to engage in securities trading.The Ethiopian Securities Exchange (ESX) is Ethiopia’s first organized securities exchange, established as a self-regulatory organization (SRO) and central market facilitator.These regulations provide a level of security for investors. Investment Choice: The ESX offers a wide range of investment choices. You can invest in individual stocks, exchange-traded funds (ETFs), or mutual funds, each with its own risk-return profile.Forex trading is legal and available in Ethiopia via international off-shore Forex brokers.
What are the main commodities traded in Ethiopia?
Yearly Trade During the last five reported years, the exports of Ethiopia have increased by $1. B from $2. B in 2018 to $3. B in 2023. The most recent exports are led by Coffee ($1. B), Dried Legumes ($334M), Other Oily Seeds ($271M), Cut Flowers ($258M), and Gold ($232M). In 2023, Ethiopia imported Refined Petroleum primarily from: Kuwait ($1. B), Saudi Arabia ($938M), United Arab Emirates ($46. M), Egypt ($29. M), and China ($25. M).Ethiopia main exports are gold (21 percent of total exports) and coffee (19 percent). Others include: live animals, oilseeds, flowers and khat. Ethiopia main export partner is Switzerland (21 percent of total exports) mainly for export of gold.The top three export commodities were: Coffee, tea, mate and spices; Edible vegetables and certain roots and tubers and Oil seed, oleagic fruits, grain, seed, fruits. Total Imports were valued at US$17. Billion. In 2023, Ethiopia had a trade deficit of US$14. Billion. Base metals not specified elsewhere, cermets.Ethiopia main imports are: foodstuffs, textile, machinery and fuel. Ethiopia main trading partners are: China (18 percent of total imports), Saudi Arabia (13 percent), United States (9 percent), Russia and India.
Who owns Ethiopia Commodity Exchange?
The ECX is set up as a private company owned by a partnership of the market actors, members of the exchange, and the Ethiopian government, led by Eleni Gebre Medhin a former economist for the International Food Policy Research Institute and the World Bank. ECMA plays a pivotal role in the regulation and development of Ethiopia’s capital markets. Our responsibilities include: Licensing and supervising market participants, including securities exchanges, brokers, and other intermediaries.
Who is the CEO of ECX Ethiopia?
Ethiopia’s Commodity Exchange (ECX) Appoints New CEO Addis Ababa, February 28, 2025 (ABN) The Board of Directors of the Ethiopian Commodity Exchange (ECX) has appointed Mr. Mergia Baisa as the new Chief Executive Officer (CEO) of the organization. BGI-Ethiopia appoints Pierre-Emmanuel Medard as the new CEO. Emanuel replaces Herve Milhade, who announced his intention to retire from Castel Group. Emmanuel Medard brings over 25 years of industry expertise as he takes the helm starting May 1, 2025.
Who is Ethiopia’s largest trading partner?
The top Ethiopia trading partners are Saudi Arabia, the United States, the Netherlands, the United Arab Emirates, Somalia India. As per the Ethiopia import export data, Ethiopia’s trade deficit shows a sizable trade deficit. India, the 4th largest country by GDP, ranks 50th in the world’s poorest countries by GDP per capita in 2025 ($2,878). South Sudan is the poorest country in the world by GDP per capita at, $251.With about 126. Ethiopia is the second most populous nation in Africa after Nigeria, and one of the fastest-growing economies in the region, with an estimated 8. FY2023/24. However, it also remains one of the poorest, with a per capita gross national income of $1,020.Agriculture. Over 50%, agriculture comprises the largest industry sector in Ethiopia. The government undertakes both large-scale and small-scale farming, leading to high production of livestock products (milk, egg and meat) beverages, leather and textiles industry.With about 126. Ethiopia is the second most populous nation in Africa after Nigeria, and one of the fastest-growing economies in the region, with an estimated 8. FY2023/24. However, it also remains one of the poorest, with a per capita gross national income of $1,020.
What are the top 3 export commodities in Ethiopia?
In 2021—the most recent year in which United Nations COMTRADE data is available—Ethiopia’s major goods exports included coffee (27%), gold (15%), oil seeds (9%), vegetables (7%), flowers (5%) and legumes (5%). Ethiopia main exports are gold (21 percent of total exports) and coffee (19 percent). Others include: live animals, oilseeds, flowers and khat. Ethiopia main export partner is Switzerland (21 percent of total exports) mainly for export of gold.Ethiopia’s exports are almost entirely agricultural. Coffee is the primary foreign-exchange earner; other exported products include khat, hides and skins, live animals, oilseeds, and gold.One of the most promising areas is commercial farming due to Ethiopia’s vast, fertile land and favorable climate for growing crops like coffee, maize, and teff. With high local demand and a strong export market, commercial farming offers substantial returns.While the process is still ongoing, the reforms have attracted foreign direct investment. In 2015, Ethiopia has 2,700 millionaires, a number that has more than doubled since 2007. Their fortunes are mainly built-in niches of economic rents (banks, mines, etc.In 2023, the top imports of Ethiopia were Refined Petroleum ($2. B), Mixed Mineral or Chemical Fertilizers ($700M), Raw Sugar ($667M), Cars ($653M), and Gas Turbines ($586M). The top origins were China ($5. B), Djibouti ($3. B), India ($1. B), Kuwait ($1. B), and Saudi Arabia ($1. B).